Orange County NC Website
v <br /> Summary of Public cud Board Comments <br /> Housing Bond Policy <br /> (Augus4 September 2002) <br /> 1. Comment; Include cooperative housing as an eligible activity for band funding <br /> Response: Cooperative housing has been included as an eligible activity. <br /> 2. Comment: Include an Attachment on Basic UB features that con be applied to <br /> 'Fully accessible"homes but other housing types as well. <br /> Respone: The Attachment is included as Attachment 5 oflhe Housing Bond Policy. <br /> 3. Comment: Include Land Backing in the initial round of Resistant for Proposals <br /> (REPS) <br /> Response: The Affordable Hauling Advisory Board(AHAB)is rot comfortable <br /> proPasing specific Land Banking criteria at this time. (Land Banking Is the process of <br /> purchasing land or improved property and holding itforfumm use.) <br /> The Board continues to recommend that 20%of the pro ends available in the first round <br /> ($13 million)be reserved for land banking purposes at a Inter date. Further,ARAB <br /> promises to develop complete, welt-researched guidelines for a Land BmeNng activity <br /> within the net 60-90 days forpresentation to the Board of County Commusionersjw <br /> approval. <br /> In the interim,given thelact that Habimlfor Alumina fly has pressed an urgent interest <br /> in this program,ARAB would suggest that Commy stfwork with that organization to <br /> idea tfvoiherpoesiblefunding.mumesio address thetrimmediamacqulsition <br /> flumbi/concerns. <br /> 0. Comment: Include a provision for evaluating propwnB that include rental, <br /> homeownership and special needs housing as one integrated project <br /> Response: As Policy addresses this concern by making an prmntive statement <br /> under Eligible Projects that mkul-renweproposals are encouraged mail acceptable. <br /> Additionally, the policy proaceveyencauragee non-traditional housing ivies as well <br /> S. Comment: Allow at lent twelve mont hs Instead of the current six(6)months for <br /> all outslde Funding sources to be seemed for a project <br /> Response: The language of the PaJuy has been modified to concur with this <br /> recommendation <br /> 6. Comment: Adjust Project Completion guidelines depending upon the sire of the <br /> job. <br /> Response: ARAB does not suggest any changes to these guidelines at this time. <br /> 7. Comment: More points should be awarded for repayment of bond funds. <br /> Response: No changeproposed. <br />